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You're right. I worded it poorly. What I really meant is that it's the kind of behavior you can get away with when there's no competition. IE: A monopoly. I
by donmcronald 5y ago
You're right. I worded it poorly. What I really meant is that it's the kind of behavior you can get away with when there's no competition. IE: A monopoly.
I've seen lots of the alternatives mentioned here, but Intuit has entrenched themselves so deeply in the accounting industry that no one else can compete reasonably.
If someone does manage to start competing it'll end up being more of a duopoly / oligopoly than real competition. No one with the means to compete will forgo the super fat profit margins that Intuit's establishing here.
- jhawk28 5y agoHigher prices are not anti-competitive. If anything, it encourages competition because it is an incentive for someone else to come in.
- travisporter 5y ago"IE: A monopoly" has two meanings! Is this similar to the Word/Excel monopoly? There are many open source alternatives that do 90-95%, but still very high demand for it